The synchronization of GDP growth in the G7 during US recessions

Nikolaos Antonakakis, Johann Scharler

Publikation: Wissenschaftliche FachzeitschriftOriginalbeitrag in FachzeitschriftBegutachtung

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Abstract

Using the dynamic conditional correlation (DCC) model due to Engle (2002), we estimate time varying correlations of quarterly real GDP growth among the G7 countries. In general, we find that rather heterogeneous patterns of international synchronization exist during US recessions. During the 2007-2009 recession, however, international co-movement increased substantially. (authors' abstract)
OriginalspracheEnglisch
Seiten (von - bis)7 - 11
FachzeitschriftApplied Economics Letters
Jahrgang19
Ausgabenummer1
DOIs
PublikationsstatusVeröffentlicht - 1 Okt. 2012

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